Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Undoing U.S. Financial Regulations Could Bar U.S. Firms from EU
Feb 10 2017 // Some U.S. financial institutions could be locked out of the European market if Donald Trump’s administration repeals global rules imposed in the wake of the financial crisis, a top EU official said on Friday. Valdis...
Nat Cats Cost Insurers $39.5B in 2016, Highest Level in 4 Years: Willis Re
Feb 10 2017 // Insured loss estimates from major natural catastrophes totaled US$39.5 billion during 2016, which is the highest level since 2012 when market losses totaled US$60 billion, according to a report published by Willis Re, the...
Health Insurers Weigh Next Moves After Striking Out on Mergers
Feb 10 2017 // After 18 months of courtship and court cases, two massive deals that would have reshaped the U.S. health insurance industry have both been declared dead, blocked by judges who said they’d do unacceptable harm to...
U.S. and New York Accuse Firm of Scamming 9/11 Heroes, NFL Retirees
Feb 9 2017 // A company that advances money to people awaiting settlement payouts was accused by New York and federal regulators of scamming sick responders to the Sept. 11, 2001 attacks, as well as National Football League retirees...
Severe U.S. Weather During January Cost Insurers More Than $1B: Aon
Feb 9 2017 // Major weather and flood events in the U.S. during January will cost the insurance industry more than $1 billion as tornadoes hit a 17-year high, according a report published by Impact Forecasting, Aon Benfield’s...
U.S. Court Deals Opponents of Obama Fiduciary Rule a Setback
Feb 9 2017 // A U.S. federal judge on Wednesday upheld an Obama-era rule designed to avoid conflicts of interests when brokers give retirement advice, in a possible setback for President Donald Trump’s efforts to scale back...
Advocacy Groups Go to Court to Thwart Trump’s Bid to Undo Regulations
Feb 9 2017 // The White House defended the president’s executive order to U.S. agencies to rescind two government regulations for every new rule introduced, after several advocacy groups filed a lawsuit on Wednesday challenging...
Federal Judge Halts Anthem-Cigna Merger as Harmful to Competition
Feb 8 2017 // A federal judge on Wednesday ruled against U.S. health insurer Anthem Inc.’s proposed $54 billion merger with smaller rival Cigna Corp., derailing an unprecedented effort to consolidate the country’s health...
U.S. Water Damage Class Action Settlement to Cost BMW $478 Million
Feb 8 2017 // German automaker BMW AG has agreed to pay up to $477.7 million to settle a class-action lawsuit covering about 318,000 U.S. luxury car owners who may have suffered water damage harming electrical components in vehicle...
Why the Insurance Industry Supports and Hires Veterans
Feb 8 2017 // Many property/casualty insurance carriers have focused their charitable efforts on veterans, and they’ve done so for a number of good reasons. One important reason for adopting veterans causes was explained by Glenn...
Study: 5 of Worst U.S. Truck-Congested Areas Are in Ohio
Feb 7 2017 // Five of the country’s 100 worst congested areas for trucks are in the state of Ohio, and three of those areas are in Cincinnati, according to a study. The American Transportation Research Institute has ranked...
How Firms Rate on Cyber Readiness and Why Some Don’t Buy Cyber Insurance: Hiscox Report
Feb 7 2017 // A study of 3,000 companies in the UK, U.S. and Germany, reveals that more than half (53 percent) of businesses in the three countries are ill-prepared to deal with cyber-attacks. Fewer than one-third (30 percent) qualify...
U.S. Risk Underwriters Names Berkley Program’s Carter as President
Feb 7 2017 // U.S. Risk, a global property/casualty wholesaler and managing general agency based in Dallas,, has named Wayne H. Carter, III as president of U.S. Risk Underwriters Inc., its programs group. Carter will assume senior level...
Assurant to Offer Liability Coverage for Vacation Rental Owners
Feb 6 2017 // Assurant has partnered with Vacasa, a U.S. vacation rental management company, to provide liability coverage and property insurance for Vacasa’s homeowners. Assurant’s short-term accommodations protection...
Commercial Health Plans’ Spending on Drugs Slowed in 2016: Express Scripts
Feb 6 2017 // Express Scripts Holding Co., the largest pharmacy benefit manager in the United States, said prescription drug spending for its members slowed to less than 4 percent in 2016, at a time when scrutiny of drug price hikes has...
Marsh Launches Cyber Risk & Data Breach Cover for Non-US Clients
Feb 6 2017 // Marsh has launched Marsh CyberShield, an exclusive cyber risk and data breach insurance policy for mid- to large-sized organizations. Available globally to Marsh clients outside of the US, Marsh CyberShield can provide up...
People
Feb 6 2017 // Hub International Northeast (Hub Northeast), a subsidiary of Hub International Limited, has promoted executive vice president and chief financial officer (CFO), Michael Sabanos, to the newly created position of chief...
Declarations
Feb 6 2017 // An Objective Review “The report will not be punitive in nature. It is an objective review so that we can look back and learn from it and apply that learning to other programs in our agency.” — Great Smoky...
M&A Activity Continues at Industrious Pace: MarshBerry
Feb 6 2017 // Merger & acquisition activity in the insurance distribution space continued at an industrious pace throughout 2016, with 443 closed transactions. This was down from 456 in 2015, but still higher than previous years on...
Get Ready for Another Year of ‘Cautious Optimism’ Predict P/C Executives
Feb 6 2017 // A panel of financial experts discussed the opportunities and challenges they see ahead in 2017 at the Insurance Information Institute’s (III) 21st Annual Property and Casualty Insurance Joint Industry Forum. The...
